(1) In this Annex, unless the context otherwise requires -
"approved credit institution" means a credit institution as defined in Article 1 of the First Council Directive on the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions (Council Directive 77/780/EEC) [O.J. No. L322, 17.12.1977, page 30.] authorised in a Member State or such other institutions as may be approved by the Bank;
"approved financial institution" means any of the following - (a) the Central Bank of a Member State, (b) the European Bank for Reconstruction and Development, (c) the European Investment Bank, (d) the European Communities, (e) the International Bank for Reconstruction and Development, (f) the International Finance Corporation, (g) the International Monetary Fund, (h) such other institution as may be approved by the Bank;
"approved securities" means any of the follow
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